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7067 S Westnedge Ave 29,967 SF 95% Leased Retail Building Portage, MI 49002 $3,923,726 ($130.93/SF) 8.15% Cap Rate
EXECUTIVE SUMMARY
Mid-America Real Estate Michigan is pleased to present the opportunity to acquire a 29,967 square foot shopping center located in Portage, Michigan. The center is currently 95% occupied with a strong mix of tenants to serve the surrounding community. The property is located at the southeast quadrant of Romence Road Parkway and S. Westnedge Avenue. Anchored by Sam’s Club (NAP), the property includes tenants such as Aquatots Swim School, Perani’s Hockey World, Sports Clips, and more. The property is located on the retail corridor of Westnedge Avenue, which includes many national tenants such as The Home Depot , Kohl’s, Hobby Lobby, Lowe’s, Meijer, Barnes & Noble, Dick’s Sporting Goods, and many more national and local retailers.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
29,967 SF
Building Class
B
Year Built
2006
Price
$3,923,726
Price Per SF
$130.93
Cap Rate
8.15%
NOI
$319,784
Percent Leased
95%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
3.60 AC
Zoning
CPD - Commercial Zoned District
Parking
142 Spaces (4.74 Spaces per 1,000 SF Leased)
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 10-00015-115-E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,668,400 |
PROPERTY TAXES
Parcel Number
10-00015-115-E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,668,400
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7067 S Westnedge Ave
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